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tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
and hard work. israelis have put this small country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel lawye llauretes. israelis understand the power of invention and your universities educate engineers and inventors, and that spirit has led to economic growth and human progress. solar power and electric cars, and bandages and prosthetic limbs that save lives. stem cell research and new drugs that treat disease, cellphones and computer technology that changed the way people around the world live. if people want to see the future of the world economy they should look at tel-aviv home to hundreds of start-ups and research centers. [applause] >> israelis are so active and social media that every day seems to bring a different facebook campaign about where i should give this speech. [laughter] [applause] >> that innovation is just as important to the relationship between the united states and israel as our security cooperation. our first free trade agreement in the world was reached with israel nearly three decades ago. [applaus
's straining their economy here. there's also fear about those chemical weapons in syria, will those come across the borderer and cause more violence and chaos? when i sat down yesterday with the israeli president, shimon peres, he said king abdullah and other leaders in the arab world need to step up here to stop the violence in syria. take a listen. >> it's an arab problem, it's an arab organization and league. they have to do what the africans did in africa, organize their force under the auspices of the united nations and stop the bloodshed. >> reporter: but so far king abdullah has said he opposes any kind of foreign military intervention in syria, so we're till at a stand still in that con felix. we'll be looking -- conflict. we'll be looking for that at the news conference and, let's not forget there's pressure on president obama as well not just from republicans back home in the u.s., but also democrats like senator carl levin saying that the president should help set up a no-fly zone around syria, maybe there should be some sort of strategic surgical air strikes against president
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuating a dor
depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, before we believed europe is with us. now it is not with us. >> all of our money but this is also part of the deal, you know. >> it's too bad. >> it's bad. >> why? >> we're suffering. >> reporter: the president of cyprus is set to go on tv tonight. his government is being blamed for a lot, including his country into a bit of a tax haven for rich russians and banks are reportedly set to finally reopen again on tuesday but restrictions are in place. the big fear is, there will be a run on those banks. jenna, what is the u.s. takeaway from all this. well ally and strong trading partner europe is still in place. that is a g
of middle class cayennes and americans who continue to struggle in the obama economy. >> reporter: and house budget chair paul ryan a few minutes ago called it a good week for house republicans, because he says they are presenting the country a budget that balances in a responsible way. jon? jon: seems like a lot of finger pointing still underway on capitol hill. mike emanuel. >> reporter: i guess. jon: thanks. jenna: a key vote is set to take place on a plan that sees up to 10 percent of some bank goes -- deposits in cypress. it's raising a whole lot of questions worldwide because of the precedent it might set. greg talcott is live in london so, greg, how do things stand now in cyprus? >> reporter: jenna, we are less than an hour to the start of a debate on that plan. reports are that plan has been modified to make it a bit easier to take. the reports again say that there will be no tax or levy imposed on depositors around $30,000 or so but anywhere from 7-10% on all deposits after that. some atms are working on the island nation of cyprus, the banks on that island remain closed. there is t
Search Results 0 to 5 of about 6